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The Red Robin Burger Disaster: How Greedy Corporate Shills Destroyed a Restaurant

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First published at 22:02 UTC on May 22nd, 2019.

#mgtow
#business
#money

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What Happened to a Once-Successful Premium Burger Restaurant?

Red Robin Burger Restaurant chose in January of 2018 to eliminate the busboy position to save $8 million dollars, at a time when the restaurant was valued at $711 million dollars. This move was applauded by critics and market analysts without a second thought as to how it might affect overall operations and profitablity.

The result? The stock market price of Red Robin Burgers dropped 50% by May of 2019, with “walkaways” to the restaurant increasing by 85% during peak times. The CEO, Denny Marie Post, eventually stepped down in April of 2019, and a new CEO has not been appointed, as let’s be honest- who wants to be in charge of a failed restaurant?

http://servetips.com/the-red-robin-burger-disaster-how-greedy-corporate-shills-destroyed-a-restaurant/

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